Two weeks after the inauguration of President Bola Ahmed Tinubu, his administration’s key decisions are receiving praise from Nigerians. Since taking office on May 29, 2023, Tinubu has made unexpected moves, including the removal of fuel subsidy and the suspension of the Governor of the Central Bank of Nigeria, Godwin Emefiele, due to his handling of the country’s monetary system.
The President has also suspended the Chairman of the Economic and Financial Crime Commission, Abdulrasheed Bawa, over corruption allegations. Many citizens view these actions as a sign that Tinubu is conscious of Nigeria’s challenges and is addressing them decisively as a sitting President.
Some even believe that the current administration has accomplished what took the previous administration years to achieve or overlooked entirely, including the removal of fuel subsidy, the signing of significant acts, and the unification of the foreign exchange market. There are indications that the President’s Policy Advisory Council has recommended merging government agencies like the Nigerian Customs Service, NIMASA, and FIRS to improve tax collection efficiency. While some details of Tinubu’s plans and direction remain unclear, Nigerians perceive him as a President who genuinely aims to build the nation. However, these economic decisions may have implications for the prices of goods and services for Nigerians, and Tinubu has called for their endurance during this period. The introduction of a students’ loan scheme has been welcomed as a positive step by experts, emphasizing the need for comprehensive solutions in the education sector. Nigerians on social media have reacted positively to Tinubu’s economic decisions, applauding his swift actions and expressing hope for progress under his leadership.